Corona Virus and US Economy: U.S. Close Sharply Lower After Surprise Interest Rate Cut -"revealing major weaknesses US Economy"

After seeing considerable volatility early in the session, stocks moved sharply lower over the course of the trading day on Tuesday. With the pullback on the day, the major averages partly offset the strong gains posted in the previous session.

The major averages finished the day firmly in negative territory but off their lows of the session. The Dow tumbled 785.91 points or 2.9 percent to 25,917.41, the Nasdaq plunged 268.07 points or 3 percent to 8,684.09 and the S&P 500 slumped 86.86 points or 2.8 percent to 3,003.37.

The sell-off on Wall Street came after the Federal Reserve announced a surprise decision to cut interest rates by 50 basis points to 1 to 1-1/4 percent.

Read more: U.S. Close Sharply Lower After Surprise Interest Rate Cut | Nasdaq

Corona Virus and US Economy: U.S. Close Sharply Lower After Surprise Interest Rate Cut -"revealing major weaknesses US Economy"

After seeing considerable volatility early in the session, stocks moved sharply lower over the course of the trading day on Tuesday. With the pullback on the day, the major averages partly offset the strong gains posted in the previous session.

The major averages finished the day firmly in negative territory but off their lows of the session. The Dow tumbled 785.91 points or 2.9 percent to 25,917.41, the Nasdaq plunged 268.07 points or 3 percent to 8,684.09 and the S&P 500 slumped 86.86 points or 2.8 percent to 3,003.37.

The sell-off on Wall Street came after the Federal Reserve announced a surprise decision to cut interest rates by 50 basis points to 1 to 1-1/4 percent.

Read more: U.S. Close Sharply Lower After Surprise Interest Rate Cut | Nasdaq

US Economy - Recession?: Dow opens more than 150 points lower - by Fred Imbert as yields keep falling on rising fears about the economy

Stocks fell on Wednesday as bond yields declined again, triggering concerns about the economic outlook. Increasing trade tensions in the China-U.S. trade fight also weighed on markets.

The 10-year Treasury note yield fell to its lowest level since September 2017 and traded around 2.22%. A portion of the so-called yield curve further inverted as 3-month Treasury bills last yielded 2.351%, well above the 10-year rate. A yield curve inversion is seen by traders as a potential sign that a recession is in the horizon.

Bank shares fell along with yields. Citigroup, Bank of America and J.P. Morgan Chase all dropped more than 1%.

Read more at: Dow opens more than 150 points lower as yields keep falling on rising fears about the economy

US Economy: Dow closes down 450 points as Trump's ire rocks Amazon

Stocks fell sharply on the first trading day of the month and the quarter as a decline in Amazon shares put pressure on the broader tech sector Monday.

The Dow ended nearly 458 points lower after sinking more than 700 points, with Intel as the worst-performing stock in the index. The S&P 500 pulled back 2.2 percent and entered correction territory, with tech falling more than 3 percent. The index also dropped below its 200-day moving average, a key technical level. The Nasdaq dropped 2.7 percent, also entering a correction, as Amazon declined 5.2 percent.

"The market leaders are under pressure," said Marc Chaikin, the CEO of Chaikin Analytics. "It's a situation where the proven winners for the past few years are faltering." When that happens, "there is a negative psychological sense in the market."

Read more: Dow closes down 450 points as Trump's ire rocks Amazon